Petronas's deal to buy Canada's Progress Energy Resources Corp fell through at the eleventh hour due to Canada's China fears.
It used to be that when the US of A sneezed, the whole world caught a cold.
How times have changed in just some 30 over short years!
Petronas is a small fart as far as the Central Kingdom is concerned. Even the Land of The Rising Sun (which now longer rises anymore) is a small fart compared to China now.
The whole world (the US of A not excepted) wants to do business with China even if they are not enamoured with the Central Kingdom for one reason or another.
That is the power of numbers and economics. You can try to delay or frustrate China but whatever you do, there is no stopping the economic juggernaut of the east.
And Malaysia would be well advised not to think of the east as Japan only
They say that if you awaken the sleeping dragon, it will spit fire and brimstone.
And China is no longer a sleeping dragon.
That makes it even more scary.
For a Ted Talk on China by Martin Jacques click the video below